1 Jun 2015
It's not just first time buyers who need help in today's housing market
Announcing a major new study into last time buyers, Nigel Wilson argues that more must be done to ease blockages in the housing market.
The widely-held policy goal of 250,000 new homes annually is, sadly, a political chimera. There is neither the political will nor the productive and planning capacity to build 100,000 additional homes, or anything like it – our top 10 housebuilders plan to build around 80,000 units a year for the next five years.
But we can still be constructive about housing. Legal & General’s positive response, working alongside experts like Places for People and Shelter, has been to help create a fast-growing national housebuilder, invest £2bn in student accommodation, affordable homes for key workers, care homes and enter the build-to-rent sector.